Some 40,000 staff at Marks & Spencer are set to benefit from a pay rise from April, as it becomes the latest retailer to announce a hike ahead of a rise in the national minimum wage.
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00:00 Hello, my name is Greg Wright and I'm the Deputy Business Editor of the Yorkshire Post.
00:06 Here are your business headlines for this morning.
00:09 40,000 staffer Marks and Spencer are set to benefit from a pay rise from April as it becomes
00:16 the latest retailer to announce an increase ahead of a rise in the national minimum wage.
00:22 The group said it was spending £89 million on increasing pay for UK customer assistance
00:27 across its food and clothing shops from £10.90 an hour to £12 an hour from April 1st.
00:36 For staff working in London, minimum hourly wages will rise from £12.05 to £13.15.
00:44 The move means M&S staff will be paid slightly more than the national living wage, which
00:49 is often referred to as a minimum wage and is set to rise to £11.44 in April and will
00:55 apply to 21 and 22 year olds for the first time.
00:58 An update there from M&S which says that 40,000 staff are set to benefit from a pay rise from April.
01:05 My name is Greg Wright and I'm the Deputy Business Editor of the Yorkshire Post.